Monster Energy Hit With Board Diversity Shareholder Derivative Lawsuit

Mealey's (October 15, 2021, 12:44 PM EDT) -- SANTA ANA, Calif. — An investor filed a shareholder derivative action against several senior executives and members of the board of directors of energy drink maker Monster Beverage Corp. on Sept. 18 in California federal court, alleging that the defendants breached their fiduciary duty and violated federal securities laws by failing to appoint any people of color or minorities to senior leadership positions within the company....

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